Insight
US Lower 48 upstream M&A: updated metrics and deal watchlist
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Lower 48 continues to dominate global upstream M&A. Halfway through 2024, total spend in US onshore is nearly six times greater than all other regions combined and showing no signs of slowing. But market dynamics are changing. While mega deals in the Permian defined last year’s deal flow, watch for relatively smaller transactions to define the market as recent large buyers focus on asset disposals and high grading their portfolios. Buyer interest is shifting too, with more focus turning to non-Permian tight oil basins as West Texas deals keep pricing toward perfection. However, the Permian is far from fully consolidated and still offers the best opportunity to build scale. Click through for our take on the latest M&A trends and 12 marketed, rumored, or upcoming deal opportunities throughout the Lower 48.
Table of contents
- Key points:
Tables and charts
This report includes the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Asset Report
Repsol - Lower 48 upstream
A valuation of Repsol's assets in the US Lower 48
$22,800
Insight
US Lower 48 Gas - corporate benchmarking
Benchmarking US gas producers on strategy, resilience, LNG exposure, and M&A capacity in a tightening market.
$1,350
Asset Report
BPX Energy - Lower 48 upstream
Upstream valuation for bpx Energy's Delaware, Eagle Ford, and Haynesville assets.
$22,800
